Jun 1, 2026
✦Economic Times
Too many cards? Your credit score is 'paying the price' – see what's happening now.
Getting too many credit cards can hurt your score! Each application leaves a mark, and opening new cards makes your credit history look younger. Lenders see this as "credit hungry," and exceeding the 30% debt rule on multiple cards also hits your score hard. Your payment history, 35% of your score, is also at risk.